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Louisiana Mutual Release of Notice of Contract with Affidavit - Corporation or LLC

State:
Louisiana
Control #:
LA-04A-09
Format:
Word; 
Rich Text
Instant download

Description

This Mutual Release of Notice of Contract with Affidavit form is for a corporate or LLC contractor and owner to provide information including the location and description of land where the parties entered into an employment/contract for work to be performed, a statement that no work had begun on the land as of a certain date, and that the contractor and owner desire to mutually release the Notice of Contract for the project, making it ineffective. The recorder of mortgages shall immediately cancel the contract upon the filing of this Mutual Release with Affidavit.

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FAQ

To form your LLC, you must submit to the state articles of organization, also called a certificate of organization (or certificate of formation in some states).

Thus, in case of corporations, an affidavit shall ideally be signed by a principal officer. However due to applicability of Order 6, Rule 4, it may also be signed by any authorised representative, if need be.

Pick the State Where You Want to Organize the LLC. Naming the LLC. File the LLC Articles of Organization. Prepare the LLC Operating Agreement. Analyze the Issues of Raising Money from Investors. Obtain an Employer Identification Number. Obtain the Necessary Business Licenses. Set Up an LLC Bank Account.

Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation.

4 Answers. An LLC protects you from personally from all creditors, whether they be customers, shareholders, or other parties.Because only LLC assets are used to pay off business debts, LLC owners stand to lose only the money that they've invested in the LLC. This feature is often called "limited liability."

A certificate of organization is a type of document filed with the secretary of state in some states to form an LLC. An LLC certificate is also sometimes called a certificate of formation. Each state will have different requirements to file and fill out the form.

The LLC provides protection to the LLC owners by limiting the owner's personal liability. Generally, this means that business debts owed by the business, and other claims on the business, including liens and lawsuits, are limited to the assets of the business itself.

LLC ownership can be expressed in two ways: (1) by percentage; and (2) by membership units, which are similar to shares of stock in a corporation. In either case, ownership confers the right to vote and the right to share in profits.

Business Name. Your LLC must have a name that is unique and is not the same or confusingly similar to another business. Registered Agent. Operating Agreement. Articles of Organization. Business Licenses and Permits. Statement of Information Form. Tax Forms.

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Louisiana Mutual Release of Notice of Contract with Affidavit - Corporation or LLC